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Town receives clean opinion from auditors

Posted: January 1, 2012 - 1:18am

Savannah

During the Dec. 13t Town Council meeting, Derrick Cowart, Partner Karp, Ronning and Tindol Certified Public Accountants presented the Financial Statement Audit for the Town of Bluffton. Based on their independent audit, an unqualified opinion was rendered for the Town’s Financial Statements for the fiscal year ended June 30, 2011.

The “clean opinion” is the most confident response provided by audit firms to users that the financial statements present a fair representation of the entity’s financial position and are free of material misstatements.

In addition to the annual financial audit, Karp Ronning and Tindol completed single audit procedures to report on the internal control and federal grant agreement compliance of the Town of Bluffton. In years where the town receives more than $500,000 in federal grant dollars these procedures must be completed. The town received a total of $1,151,858 in federal grants in FYE 2011. No findings or questioned costs were reported by the firm and again the Town received a “clean report”.

The town is in sound financial condition with the growth in the tax base in recent years, supported by written financial policies council adopted, and its professional management.

In addition to the Comprehensive Annual Financial Report the town has also completed the Popular Annual Financial Report for FYE June 30, 2011. As I have mentioned in a previous article the report is intended for citizens, businesses, tourists and the like to learn more about the Bluffton area, what services the town government provides, and financial facts about the town. The report is structured to promote Bluffton’s character and show what great strides we have made in the recent year to provide citizens a great place to live.

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